- 6 - 4. Hal Robotics, Ltd. (Hal Robotics);12 and 5. Cycon, Ltd. (Cycon)13 The four R&D companies previously funded by ATA are: Efrat, AiTech, Hal Robotics, and Cycon.14 The ATA funds were derived from capital contributions by ATA’s partners and loans from the Office of Chief Scientist of the Ministry of Industry and Trade of the State of Israel (Chief Scientist). Cycon was the only R&D company for which ATA did not receive a Chief Scientist loan. The original contract between ATA and Efrat (ATA R&D agreement) contained a provision stating that Efrat was exclusively entitled to manage and control the research and development project.15 The ATA R&D agreement also provided that Efrat had the power to do whatever was necessary to exploit the research and development project. The original ATA R&D agreements with Efrat, AiTech, Hal Robotics, and Cycon were amended to substitute I-Tech for ATA. 12Hal Robotics was developing an “automatic workshop”--a computer program that would enable an entire product to be produced by robots. 13Cycon was developing a computer and the necessary software to control a machine that would mill metal parts automatically. 14As of Sept. 1, 1984, ATA provided the following amounts to the R&D companies to fund R&D expenses: (1) Eftrat, $1,725,000; (2) AiTech, $310,000; (3) Hal Robotics, $490,000; and (4) Cycon, $100,000. Cycon subsequently repaid the $100,000 to ATA. 15Petitioner did not provide copies of the original agreements between ATA and the other three R&D companies (AiTech, Hal Robotics, and Cycon).Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011